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In recent weeks, private credit and direct lenders have brought more certainty to borrowers as capital markets were roiled by tariff chaos
Banks already working on deals in the industrials and chemicals sectors
As Ares raises the largest direct lending fund, Goldman Sachs reorganises to serve the trend
Sole bookrunner Morgan Stanley gets deal multiple times covered
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Several sponsor-backed M&A deals have been launched -
Dealflow cannot be propped up by commodity traders forever, bankers say
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Opportunities to buy platforms few and far between
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Office will be led by head of client relations Jan Albers
